The following information is taken from the accounts of Foster Corp. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (0) 432,000 (b) Bal. Work in Progress Bal. 118,000 (c) 223,000 128,000 (b) 475,000 Bal. 119,000 475,000 43,000 825,000 Finished Goods Bal. 179,500 (d) 878,500 (c) Bal. 825,000 126,000 (d) Cost of Goods Sold 878,500 The overhead applied to production during the year is distributed among the ending balances in the accounts as follows: Work in Process, ending Finished Goods, ending Cost of Goods Sold Overhead applied $ 47,500 71,250 356,250 $475,000 For example, of the $119.000 ending balance in Work in Process, $47,500 was overhead applied during the year.